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Asked almost 4 years ago - Tipton, IN
Flaghusband works for one of bailed out auto companies. They are talking of offering a 100,000.00 paydown for workers to take a 10.00 an hour cut in pay. Were not sure what to do or how it will affect bankruptcy. We live in Indiana by the way. Thanks!
If this is something that occurred after the filing date of your case then it is a post-petition asset not part of your bankruptcy estate. The trustee could not take this money from you. If it was an offer made before the filing then you technically should amend your schedules to add this as a possible asset.
Mr. Larkin is licensed to practice law in CA and is located in San Diego. His response here does not constitute legal advice and does not create an attorney/ client relationship. The response is in the form of legal education and is intended to provide general information about the matter in question. Many times the questioner may leave out details which would make the reply unsuitable. Mr. Larkin strongly advises the questioner to confer with an attorney in their own state to acquire more information about the specifics of their case.
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